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Property profile & analytics
OFF-MARKET
Turn key restaurants
3607 Coast Hwy South Beach, OR 97366-9635
Individually Owned
1-yr Hold
Free & Clear
Property ID
US71-0583443
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1800
Total area
702 SF
Lot
0.02 ac (871 SF)
Zoning code
I-1;LIGHT INDUSTRIAL
APN
11-11-17-DC-00402-00
UPID
US71-0583443
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Newport Urban Renewal Agency · 1 yrs held
Newport Urban Renewal Agency
since 2024
Last sale
$126,500
3 recorded transactions
Zoning & alternative use
I-1;LIGHT INDUSTRIAL · South Beach, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs South Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,350
Tax year 2023
Assessed value
$74,400
Assessed 2023
Previous assessed
$72,240
+3.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$36,920
Improvement market value
$54,710
Total market value
$91,630
Applied tax rate
124.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1800
Heating
NONE
Total area
702 SF
Lot
0.02 ac (871 SF)
Zoning code
I-1;LIGHT INDUSTRIAL
APN
11-11-17-DC-00402-00
UPID
US71-0583443
Jurisdiction
LINCOLN
Zoning & alternative use
I-1;LIGHT INDUSTRIAL · South Beach, OR
Zoning I-1;LIGHT INDUSTRIAL · permitted uses
I-1;LIGHT INDUSTRIAL · South Beach, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1800
Heating
NONE
Lot
0.02 ac
Current owner
From public records · entity-resolved
Newport Urban Renewal Agency
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 1073, NEWPORT, OR 97365-0081
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$126,500
Newport Urban Renewal Agency
Marvin Selfridge
Bargain & Sale Deed
—
Jun 13, 2024
$440,000
Marvin Lee Selfridge
Marvin Lee Selfridge
Personal Representative Deed
related
$330,000 · Lorna Marie Burke Etal
Dec 12, 2012
$80,000
Phyllis M Hoover
Alices Tavern INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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